Innovation Studio Inc.

“Articles of organization were amended to change the name of the organization from venture cafe new england, inc. To innovation studio, inc.”

“A complete form 990 will be reviewed and approved by the organization's board members prior to the filing of the return.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exist. The board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Based on comparability data and review by independent persons, the full board of directors proposes, votes on, and sets the compensation for the executive director. There were contemporaneous substantiation of the deliberation and decision. No other officers are compensated by the organization.”

“The form 990 and all governing documents, conflict of interest policy, and financial statements are available upon written request.”

“The organization connects innovators to make great things happen. The organization's mission is to educate and connect anyone with an idea to the resources and relationships they need in order to successfully launch and grow businesses. The organization's vision is to change the world by ensuring innovation is for everyone.”

“Providence: in 2019, the organization opened its weekly gathering and district hall space in providence. These programs operate out of the new innovation center, developed by wexford. The organization partnered with cambridge innovation center (cic) to activate the building as cic operates a co-working business in the building and work with other building tenants to make it a true hub of startup, innovation, and entrepreneurial activity. In 2020, the organization entered into 2m grant agreement with rhode island commerce corporation to provide grants to intermediary organzations to support rhode island business in shifting to and increasing remote work though purchase and distribution of hardware, software and other technology as well as digital training.”

“Cambridge thursday gathering for innovators and entrepreneurs: the mission of the cambridge weekly gathering is to provide the interactive forum for the exchange of information, informational resources and connections that they need to start and grow businesses with a view to creating sustainable innovation-driven businesses in the greater boston area. It is guided by the belief that innovation is a social process fueled by community and collaboration. It is a weekly gathering and set of programs presently set in the 5th floor cafe of the cambridge innovation center (cic) in kendall square. The gathering occurs every thursday afternoon from 3pm to 8pm. It provides a space and forum for educational, presentation, introduction of new businesses, experience sharing and problem solving with a unique operating model that has been noted being highly effective.”

“District hall boston: district hall is the result of a collaborative public (city of boston)- private partnership that opened in the fall of 2013. District hall is a dedicated civic space which the organization operates under an agreement with the city of boston's initiative to transform 1,000 acres of environment that fosters innovation, collaboration , and entrepreneurship. As result of the organization's success in managing the innovation conversation and education programs in cambridge, the city of boston asked the organization to run programming and operations of the district hall. District hall has opened workspace, classrooms, assembly space, flexible use 'pods' , and writable surfaces everywhere. The organization works with municipalities, non-profit groups, colleges and universities, industry associations, local neighborhood groups, and companies to make available informational resources and present educational programs and activities that encourage innovators to connect collaborate and to start new businesses. These types of programs that have already been run at district hall include hackathons, pitch competitions, panel discussions, fireside chats, interviews, demonstrations, conferences, company meetings, brainstorming and community gatherings.”

“Roxbury innovation center (ric): the roxbury innovation center is a civic innovation center that will support local economic development by encouraging innovation and entrepreneurship focused on the city of boston neighborhoods of roxbury, dorchester and mattapan. These neighbors have a higher unemployment rate and a greater wealth income gap from the rest of the city of boston. Since opening in the fall of 2015, ric has activated programs and events to help adults and youth learn small business/startup and technical skills to make entrepreneurship and innovation viable career options for all. It has always been the mission of the organization that "innovation is for everyone- and through programming at ric, the organization has continued this mission. Ric also provides a place for the local community to gather, obtain advice and connect with other resources from around greater boston and the world through pitch nights and other programming. The organization also produces programming to activate and connect the three physical spaces to the innovation community locally, nationally, and internationally.”

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